Berg, I. Human resources and economic welfare.--Lester, R. A. Reflections on manpower planning.--Boulding, K. E. Man as a commodity.--Abramovitz, M. Manpower, capital, and technology.--Reder, M. Human capital and economic discrimination.--Bakke, E. W. Manpower policy during a...

This paper presents a simple model of imperfect labor markets with endogenous labor market participation and home production. We show that a two-sector economy (home and market) implies a three-state labor market when labor market imperfections take the form of an irreversible entry cost...